Filecoin Price
Filecoin (FIL) is a decentralised storage network. It creates an open marketplace where people who need to store data pay providers who offer spare storage capacity, with cryptographic proofs verifying that the data is actually being kept.
Market data via Binance · signals computed live from daily closes · not financial advice.
Key market insights
A plain-language read of live indicators computed from daily closes — these describe current price behaviour, not a forecast.
Technical analysis
Moving averages, momentum and support/resistance from daily closing prices — a snapshot of current structure, not a forecast.
Historical performance
52-week high and low with trailing returns across time windows. Computed from up to 365 daily closes.
Automated observations
Generated mechanically from current market data (volatility, trend, distance from highs) — descriptive, not advice.
Strengths · tailwinds
- Price sits above its 50- and 200-day averages — a classic uptrend alignment.
- Up 44% over the last 30 days.
Risks · headwinds
- Annualised volatility of 125% — large day-to-day swings.
- Trading 72% below its 52-week high — well off recent peaks.
- Max drawdown of -81% over the window — has endured deep peak-to-trough losses.
Supply structure
Filecoin has no fixed maximum supply. Circulating supply is a curated estimate used to derive market cap.
Filecoin derivatives
Live perpetual-swap metrics. Funding is the periodic payment between longs and shorts; open interest is the total value of outstanding contracts. Informational — not a recommendation to trade leveraged products.
Source: Binance Futures · funding shown per 8h and annualised. Leveraged products carry high risk; informational only.
Convert Filecoin to US Dollar
Two-way FIL ↔ USD at the live Binance price. Type an amount in either field, or tap a preset.
About Filecoin
Filecoin (FIL) is a decentralised storage network. It creates an open marketplace where people who need to store data pay providers who offer spare storage capacity, with cryptographic proofs verifying that the data is actually being kept.
Filecoin was built by Protocol Labs, the team behind IPFS, a widely used protocol for addressing and sharing data. FIL is the token used to pay for storage and to reward and secure the providers who supply it.
Decentralised storage is a genuine use case, but Filecoin competes with cheap, established centralised cloud providers, and its long-term value depends on real demand for decentralised storage. FIL is volatile like all crypto assets.
The story
Filecoin is a decentralised storage marketplace where FIL pays providers to store data, verified by cryptographic proofs. It comes from Protocol Labs, the team behind IPFS.
The context
Decentralised storage is a real need, but Filecoin is up against cheap, entrenched cloud giants. Its value rests on genuine demand for decentralised storage materialising at scale. FIL is volatile.
The Digital Take is reasoning and data from the Bitcoin Digital Editorial team — context, not a buy or sell call. Not financial advice.
Filecoin vs peers
| Coin | Price | 24h | Market Cap |
|---|---|---|---|
| Filecoin FIL | $1.14 | +5.55% | $729.15M |
| BNB BNB | $748.76 | +1.06% | $104.83B |
| XRP XRP | $1.40 | +0.93% | $81.42B |
| Solana SOL | $109.66 | -0.68% | $52.09B |
| TRON TRX | $0.3312 | -0.51% | $28.68B |
| Monero XMR | $526.89 | -1.67% | $9.72B |
Filecoin FAQ
What is Filecoin?
Filecoin is a decentralised storage network where users pay providers to store data, verified cryptographically. Its token is FIL.
How does Filecoin work?
Storage providers offer capacity and prove they are keeping data correctly; users pay in FIL to store it, creating an open storage marketplace.
What is FIL used for?
FIL pays for storage and is used to reward and secure the providers who supply capacity to the network.
Is Filecoin a good investment?
Bitcoin Digital does not give financial advice. FIL is volatile and competes with centralised cloud storage. Do your own research.
Where does Bitcoin Digital’s Filecoin price come from?
Live price, 24-hour change and volume come from Binance market data; market cap is the live price multiplied by a curated circulating-supply figure.
Last updated October 10, 2026